2010 Berkshire Hathaway Annual Meeting (Full Version)

Berkshire Hathaway annual shareholder meeting (May 1, 2010)
Video combines Morning session & Afternoon session.

[arnoldgs]

Amazing. I've been sleeping my entire life surrounded by leeches. Thank you for sharing this. I already blocked every leech 💪

[SeenaAbedi]

3:11:30 Warren mentions Charlie’s company, the daily journal and says how they waited around for a long time until a good opportunity came. They then invested 15 million which became 45 million in about 6 months.

[SeenaAbedi]

3:30:43 Question regarding Kraft, Irene Rosenfeld 26.3 million compensation package, selling kraft’s pizza business and buying Cadbury.

Warren doesn’t like the Cadbury or pizza decision and goes on to explain why.

[SeenaAbedi]

1:32:43 “Ajit has a cadre of about 30 people who are schooled in a way that would make the Jesuit’s look liberal in terms of what they let their membership do.”

[SeenaAbedi]

3:34:35 Charlie mentions how generally at the top of American businesses, people think they know too much about strategy and they tend to hate the tough competitive conditions in the business they’re in so they yearn for some business where it’s less difficult.

[SeenaAbedi]

2:20:20 After having a yearly loss, you can look into the mirror and say you’re shareholders still love you.

[SeenaAbedi]

30:28 Warren recounts his history with Goldman Sachs, his experiences and how they helped Charlie and him start their company.

[SeenaAbedi]

1:15:10 How did the four potential candidates BRK CIO position perform over the course of 2008 and 2009. Did any use leverage and are any of the four excluded from consideration

[SeenaAbedi]

2:24:58 Warren talks about how Burlington Northern, ran by Matt Rose, hedges diesel fuel and why he wouldn't do the hedging if it were up to him.

[SeenaAbedi]

33:06 Warren talks about his first ever bond issue with Charlie in 1967. He mentions how he called Kidder Peabody and Goldman Sachs for a 5.5 million dollar loan.

[SeenaAbedi]

28:30 “ I don’t believe that the allegation of something falls in the category of losing reputation. If something is proven then you have to look at it. “

[SeenaAbedi]

2:26:53 The 1935 book of John Maynard Keynes, chapter 12 Keynes general theory.

[SeenaAbedi]

1:24:46 Warren is asked why he purchased 300 million dollar of Harley Davidson bounds at 15% rather than buying the stock which went from 12$ to 33$

Warren says how he likes a business where the customers tattoo ur company on their chest but he can’t figure out the economic value of that. He also doesn’t he’d learn much from questioning those people.

[SeenaAbedi]

3:08:23 Roy Herbert Thomson, newspaper.

[SeenaAbedi]

4:24:22 Warren asks Charlie if he could own one business in the world, what would it be.

[SeenaAbedi]

24:51 Warren mentions how it has helped their investment in Goldman Sachs and explains why

[SeenaAbedi]

2:54:36 Warren talks about China’s growth over recent years.

[SeenaAbedi]

3:26:07 Warren is asked about their oil production and what the US will do once oil is done.

How do you satisfy a drug addict with a Coca Cola.

[SeenaAbedi]

2:32:56 You shouldn’t watch two things, sausage making and legislation making.

[SeenaAbedi]

3:36:43 Charlie mentions that lack of integrity led to the 2008 crisis and mentions what Pope Urban said about Cardinal Richelieu :

If there is a god, cardinal Richelieu has much to answer for but if there’s no god, he’s done rather well.